Super Micro computer (Smi) Stock climbed as much as 12% in pre -market trading on Wednesday after the technology company announced a positive update on its plans to avoid being listed by the NASDAQ and outlining an ambitious new revenue goal for 2026.
On Tuesday, the company told investors now expects to submit delayed filing to the SEC By NASDAQ deadline on February 25 to avoid delisting.
Super Micro said he “continues to work diligently towards filing” his annual and quarterly delayed reports to the US securities and exchange commission and “believes he will make such filing by February 25.” The company had delayed the delivery of the filing following a humorous correspond Last year was announced by the short sales company Hindenburg Research accusing the server manufacturer of accounting crimes.
Super Micro is an opponent for Dell (Tall), which makes computer servers using Nvidia (Nvda) Blackwell's latest AI chips. Super Micro CEO Charles Liang said on call with investors late Tuesday, “I think we have the potential to reach $ 40 billion for a financial year '26.”
After the bell on Tuesday, Super Micro reported the preliminary earnings of the second quarter for its financial 2025 that failed Wall Street estimates. The company said it expected to record revenue from $ 5.6 billion to $ 5.7 billion for the quarter ending December 31, below the $ 5.95 billion expected from Wall Street analysts, according to Bloomberg consensus estimates.
The company broke its revenue guide for the 2025 financial year to range between $ 23.5 billion and $ 25 billion, lower than its previous range from $ 26 billion to $ 30 billion.
SMCI shares sanked as much as 19% after the bell on Tuesday in an initial response to earnings results before reversing direction.
Liang added on his call with investors on Tuesday night that the server manufacturer has “a secret product being developed” to support that allegation. Analysts tracked by Bloomberg had predicted 2026 revenue closer to $ 30 billion. Super Micro said last week that it Server systems for data centers using AI Blackwell Nvidia chips are now fully available.
Super Micro Business Update comes after a turbulent year where the company faced ongoing debates following the Hindenburg report. The The Department of Justice launched the US probe Into Super Micro Accounting Practices. The company's annual and quarterly SEC filing puts it at risk of being listed by the NASDAQ, and its The accountant resigned.
The NASDAQ recently gave an extension to Super Micro to introduce the filing by February 25. The company has employed a new accountant, and the server manufacturer said An independent review of his business found no evidence of misconduct.
